Emaar The Economic City engages in the development of real estate properties in the economic or other zones in Saudi Arabia. The company primarily develops the King Abdullah Economic City. It also develops infrastructures; promotes, markets, and sells land within development areas; transfers/leases land; develops buildings/housing units; and constructs on behalf of other parties. In addition, the company develops, invests in, markets, sells/leases, operates, and maintains properties; and provides higher education services. Emaar The Economic City was incorporated in 2006 and is based in King Abdullah Economic City, the Kingdom of Saudi Arabia.